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General Motors (GM) Raises Proposed Pricing on IPO from $26-$29 to $32-$33
Tuesday, November 16, 2010 - 10:25am | 1039From various reports it appears the General Motors (GM) IPO is 6x over subscribed. So much for coming to market under the radar. You still have to love the story long term - a huge amount of international sales, much lower cost structure after wrangling massive concessions out of labor, and $93...
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Deflation Takes Back Seat 11-15-2010
Monday, November 15, 2010 - 7:27pm | 925Cusick's Corner After today's bond action, deflation does not seem to be on many minds. As I mentioned in the Midday, yields continued to rise, thus bond prices came down. This typically signals more worry over future inflation, especially with the strong retail numbers and concerns over...
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Financials Show Strength 11-15-2010
Monday, November 15, 2010 - 7:25pm | 891Cusick's Corner Strength showed up in the Financials, XLF, and their leadership has pulled the market into the green. I mentioned in the Corner last week to keep an eye on the short-term moving averages as a possible signal for a potentially deeper pullback -- the S&P and NASDAQ have held...
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Benzinga's Political Round Up
Monday, November 15, 2010 - 1:00pm | 112Japan's economy grew faster than expected, due to increased consumer spending, which should benefit companies like Toyota (NYSE: TM) and Honda (NYSE: HMC). ASIA PACIFIC Economic Cooperation (APEC) leaders are pushing their free trade visions, to help coordinate economic growth across the globe. The...
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Zacks Bull and Bear of the Day Highlights: Deere & Co., Jacobs Engineering, General Motors, Ford Motor and Qualcomm - Press Releases
Monday, November 15, 2010 - 11:30am | 1671For Immediate Release Chicago, IL – November 15, 2010 – Zacks Equity Research highlights: Deere & Co. (DE) as the Bull of the Day and Jacobs Engineering (JEC) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on General Motors (MTLQQ), Ford Motor Co. (F) and Qualcomm...
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Ford Moving Higher, Up 2% (F)
Monday, November 15, 2010 - 11:12am | 73Ford Motor Company (NYSE: F) is up 41 cents in early Monday trading, as the markets prepare for the General Motors IPO, which is set to price on Wednesday. General Motors is expected to price between $27-$29 per share, although many analysts believe it will ultimately price higher, given the strong...
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Fast Money Picks For November 15th (FCX, RIO, IWM, F)
Friday, November 12, 2010 - 11:43pm | 196On CNBC's Fast Money, Tim Seymour recommended investors to stay short the miners. He thinks that Rio Tinto plc (ADR) (NYSE: RIO) will continue its downturn. Rio Tinto (RIO) lost 2.78% on Friday. Guy Adami is also bearish on the miners. He wants to take a short position in Freeport-McMoRan Copper...
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GM IPO Six Times Oversubscribed
Friday, November 12, 2010 - 4:36pm | 161The General Motors IPO is six times over subscribed, according to an article from Reuters. According to three people familiar with the matter, the preferred stock offering is also over subscribed, and with these over allotments, it could bring the total offering to $15.65 billion including the...
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General Motors (GM) IPO Driving Google (GOOG) Like Fervor [Pun Intended]
Friday, November 12, 2010 - 3:55pm | 865I was hoping the IPO of General Motors (GM) would be 'somewhat' under the radar, with the caveat that this was a taxpayer rescue and hence under the radar is all relative. I liked the deal for fundamental reasons as I outlined [Jun 16, 2010: What to Expect from a General Motors IPO] (and have...
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Auto Stocks With A Flat Tire Today (F, TM, HMC)
Friday, November 12, 2010 - 2:47pm | 147The auto stocks, along with the broader markets are off their highs today, as momentum money was coming into the space, ahead of the General Motors IPO. Ford Motor Company (NYSE: F) is off 41 cents to $16.21, a loss of 2.4%. Toyota Motor Corporation (NYSE: TM) is still up 31 cents to $75.56, but...
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Carter Worth Becoming Bullish On Toyota (TM)
Thursday, November 11, 2010 - 6:36pm | 81Carter Worth is becoming increasingly more bullish on Toyota Motors (NYSE: TM), as he sees a bearish to bullish pattern reversal on the stock. He believes that TM will play catch up to the other other makers, like Ford (NYSE: F) and Honda (NYSE: HMC). Shares of TM gained 25 cents today to close at...
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2010 Fund Performance Period 11
Thursday, November 11, 2010 - 5:05pm | 4669If, after reading the blog content you might have an interest in participation for the mutual fund, please consider reading why this blog exists. [Jan 2008: Reader Pledges Toward Mutual Fund Launch] [May 2008: Frequently Asked Questions] Our story in Barron's [A New Kind of Fund Manager] [November...
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Ford & Human Genome Calls Active (HGSI)
Thursday, November 11, 2010 - 1:47pm | 111Shares of Ford (NYSE: F) continue to make fresh 52 week highs day after day. New highs have not been made in Ford today though shares are up to 16.58 substantially off the morning low of 16.20. Option traders snapped up the November 17 calls elevating their implied vol 3%. Human Genome Sciences (...
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Ford Revving Lower
Thursday, November 11, 2010 - 11:56am | 46Ford Motor Co.(NYSE: F) is declining lower today by 0.38 cents to $16.25. The stock is coming off of a new high for the year that was made yesterday. The stock will have intra-day support around the $16.10 and $15.90 areas.
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TRW Launches Belt Drive Electrically Powered Steering Technology
Thursday, November 11, 2010 - 11:05am | 55TRW Automotive Holdings Corp. (NYSE: TRW) has launched production of its Belt Drive Electrically Powered Steering technology for the European market on Ford Motor Company's (NYSE: F) Focus platform including passenger cars and derivatives such as the Ford C-Max.